Credit to Author: Darrell Proctor| Date: Wed, 28 Feb 2024 22:43:32 +0000
The interim CEO of Texas-based NRG Energy Inc. said the company plans to apply for up to $900 million in loans from the state in order to finance construction of […]
The post NRG Will Seek $900 Million in Loans to Build New Gas-Fired Power Plants appeared first on POWER Magazine.
Credit to Author: Sonal Patel| Date: Wed, 28 Feb 2024 17:59:06 +0000
American Electric Power (AEP) and Calpine Corp. separately announced significant leadership reshuffles on Feb. 27, marking new chapters for the power giants. Investor-owned utility AEP, with immediate effectiveness, removed AEP […]
The post AEP Abruptly Replaces CEO, Calpine Unveils Leadership Transition appeared first on POWER Magazine.
Credit to Author: Sonal Patel| Date: Thu, 22 Aug 2019 13:36:50 +0000
The list of 181 CEOs who earlier this week moved to publicly degrade shareholder value in a bid to redefine the “purpose of a corporation” includes several chief executives from power companies. The Aug. 19 statement issued by the Business Roundtable, an association of CEOs “to promote a thriving U.S. economy and expanded opportunity for […]
The post Power Sector CEOs Join Top Execs in Redefining Corporate Purpose appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Tue, 16 Apr 2019 16:41:28 +0000
The U.S. Supreme Court’s refusal to reconsider industry-led challenges to state nuclear subsidy programs in New York and Illinois leaves the contentious matter to the Federal Energy Regulatory Commission (FERC). The high court on April 15 declined to accept petitions for review of decisions by the Second Circuit and Seventh Circuit, dealing a major blow […]
The post Nuclear Subsidy Dispute Now Rests with FERC, Competitive Generators Say appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Tue, 05 Mar 2019 17:50:23 +0000
Grappling with a historically low planning reserve margin of 7.4%, owing to a mass of coal plant closures, the Electric Reliability Council of Texas (ERCOT) is forecasting record electric use this summer, and warns it could issue energy alerts at “various times.” ERCOT said its March 5–released final Seasonal Assessment of Resource Adequacy (SARA) for […]
The post ERCOT Warns of Intensified Summer Supply Crunch (UPDATED) appeared first on POWER Magazine.
Read moreCredit to Author: Sonal Patel| Date: Tue, 05 Mar 2019 17:50:23 +0000
Grappling with a historically low planning reserve margin of 7.4%, owing to a mass of coal plant closures, the Electric Reliability Council of Texas (ERCOT) is forecasting record electric use this summer, and warns it could issue energy alerts at “various times.” ERCOT said its March 5–released final Seasonal Assessment of Resource Adequacy (SARA) for […]
The post ERCOT Warns of Intensified Summer Supply Crunch appeared first on POWER Magazine.
Read moreAnalysis based on testing mostly conducted by energy companies shows that water near all but two coal plants in Illinois is contaminated with toxic waste. The Chicago Tribune on November 28 reported that a compilation of industry-supplied data from 24 Illinois coal plants shows harmful levels of arsenic, chromium, lead, and other heavy metals in […]
The post Contamination Found in Water Near Illinois Coal Ash Dumps appeared first on POWER Magazine.
Read moreNRG Energy, which recently shed a substantial portion of its competitive generation portfolio and has shifted efforts to stimulate growth of its retail business, unveiled a simplified renewables procurement process that does not require a power purchase agreement (PPA). The company on October 18 launched “Renewable Select,” a plan that it says transforms the “lengthy […]
The post NRG Renews Emphasis on Retail with PPA-Free Renewables Service appeared first on POWER Magazine.
Read moreThe Seventh Circuit Court of Appeals has declined to rehear a case that challenges nuclear subsidies in Illinois, effectively dealing a blow to a group of competitive generators, which have fought the measure for several years. In an order issued on October 9, the appellate court said its full judicial panel had voted to deny […]
The post Competitive Generators Look to the Supreme Court After Seventh Circuit Declines Rehearing on Nuclear Subsidies appeared first on POWER Magazine.
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